Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Haltom City | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $318,544 | $248,418 | $242,182 |
| Price Trend (Annual %) | 22.6% | 9.9% | 8.2% |
| Median Gross Rent | $1,353 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 6.6% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Haltom City is about 28% higher than in Texas. Rent is about 1% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Haltom City, up about 22.6% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Haltom City rose about 61.2% between 2015 and 2023, from $840 to $1,353. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Haltom City.
Buying the median-priced home in Haltom City costs roughly 19.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Haltom City. The price-to-rent ratio in Texas is about 15.5.
| Metric | Haltom City | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $318,544 | $248,418 | $242,182 |
| Median Household Income | $56,313 | $76,510 | $78,145 |
| Price-to-Income Ratio | 5.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Haltom City rose about 152.6%, while median household income rose about 35.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Haltom City | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.4% | 56.5% | 58.2% |
| Rental Rate | 46.5% | 33.8% | 31.3% |
| Vacancy Rate | 7.1% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Haltom City has a homeownership rate of 46.4%, lower than the Texas average of 56.5%. Its housing vacancy rate is 7.1%, compared with 9.6% in Texas.
Housing Stock
| Metric | Haltom City | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1977 | 1989 | 1978 |
| Median Number of Rooms | 4.9 | 5.4 | 5.5 |
The typical housing unit in Haltom City was built around 1977. On average, 2.6 people live in a home with about 4.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Haltom City, Texas.
What is the median home price in Haltom City, Texas?
The median home price in Haltom City, Texas is $318,544, higher than the Texas average of $248,418.
What is the average home price in Haltom City, Texas?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Haltom City, Texas?
The median gross rent in Haltom City, Texas is $1,353 per month, higher than the Texas average of $1,338.
What was the median gross rent in Haltom City in 2020?
In 2020, the median gross rent in Haltom City, Texas was $1,082 per month.
What is the price-to-rent ratio in Haltom City, Texas?
The price-to-rent ratio in Haltom City, Texas is about 19.6, meaning it would take roughly 19.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Haltom City.
Are home prices or rent rising faster in Haltom City, Texas?
Both home prices and rent are rising in Haltom City, up about 22.6% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Haltom City, Texas?
46.4% of households in Haltom City, Texas own their home, lower than the Texas average of 56.5%.
What is the vacancy rate in Haltom City, Texas?
The housing vacancy rate in Haltom City, Texas is 7.1%, lower than the Texas average of 9.6%.